India Pesticides Limited announces incorporation of new subsidiary Amona Specialities Private Limited

Date:01-09-2024

India Pesticides Limited (IPL) has announced the incorporation of a new subsidiary company named Amona Specialities Private Limited (ASPL) on January 4, 2024.

The new entity has an authorized capital of Rs. 1 crore and subscribed capital of Rs. 1 crore. India Pesticides Limited holds 51% shares in Amona Specialities Private Limited (ASPL). 

As per the disclosure by IPL, ASPL has an asset-light business model whereby it will focus on identifying generic molecules preparing dossiers, seeking registrations, marketing and distributing formulations/technical through third-party distributors or its own sales force.